A consortium of Spanish banking, energy and teleco heavyweights along with startups and SMEs have established blockchain based national network dubbed Alastria, as an evolution of former “Red Lyra” project.

The non-profit “world’s first regulated national network based on blockchain”, will develop distributed ledger technology (DLT) or, as they say, replicated journal technology (RJT), which it believes is “set to become the new data exchange ecosystem”.

Alastria comprises FinTech and non-FinTech companies, professionals, and experts in blockchain. Its founding members (apart from experts and professionals as individuals) include:

  • Financial and Insurance companies:  Banco Sabadell, Banco Santander, Bankia, BBVA, Cajamar, Grupo Caja Rural, Momopocket & SEFIDE EDE, Bolsas y Mercados Españoles (BME), Caixa Bank, Bankinter, Mapfre, Axa, Zurich, Sanitas, Mutua Madrileña, SegurCaixa, Ahorro corporación, Allianz, Asisa, Redsys, Renta 4, Inversis, CriptoPay
  • Telcos: Masmóvil, Orange, Telefónica, Vodafone
  • Utilities and Industry: Correos y Telégtafos, Cepsa, Gas Natural, Endesa, Iberdrola, Red Eléctrica, Repsol, Enagás, EDP, Barceló Viajes, Viesgo, Logistop,
  • Consulting firms:  Everis, Grant Thornton, E&Y, Deloitte, Indra, Atmira
  • Legal firms:  Garrigues, Roca&Junyent, Ejaso Abogados, Cuatrecasas, Ecix Group, Notarnet,
  • Information Technology: Scytl, Wordline, DigitalES, Minsait, IBM,  FinReg360, GFT, Vector, Indra, SAP, Microsoft,Informa, Addalia, AT Sistemas,  Ubiquat
  • Universties and Non-profit: ICADE-ICAI, Universidad Politécnica de Barcelona, Ascociación Española Fintech&Insurtech, Ascociación Española de Banca, Asocición Foment.

In the list are included members and applicants as membership is still an ongoing process.

Alastria has been created to “accelerate the creation of digital ecosystems by providing a common collaborative platform” – i.e. the Alastria network.

Alex Puig, Alastria’s CEO (and director of previous Red Lyra), says: “Blockchain has the potential to become the biggest breakthrough in history in the way we share any digital element, whether it’s a document, a service, a show ticket or money.”

Among its founders are also certification authorities experts, notaries and lawyers who will “ensure the security and veracity of information through the identification of natural and legal persons”.

Alastria says digital ID will be the focus in its beginnings through the standard of its “Alastria ID”, which will allow citizens to have “control over their personal information in a transparent way following the guidelines set by the European Union”.

On the network, firms can create digital representations of the assets with which they work in their usual economic activity, also known as tokens. With these tokens, Alastria reckons it is possible to develop new products and services quicker.

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